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The concrete bonding agents industry is being driven by the strong industrial base in the construction industry. The market is further aided by the rise in investments by foreign companies for the reparation of old buildings and in the construction sector. The market is also positively influenced by the enhancing conditions in emerging countries like India and China. Some of the factors affecting the market are inflating disposable incomes, rapid urbanisation, and changing lifestyles.
The market is being driven by the new product launches by the industry key players, like Dow Chemical Company (NYSE: CTVA) and Quikrete Holdings, Inc. Quikrete Holdings, Inc. offers a line of concrete bonding agents by the name of QUIKRETE® Concrete Bonding Adhesive. The product permanently bonds new concrete, stucco, and plaster to existing concrete, stucco, and plaster. The usage of this product eliminates the need to rough the surface before the application. It further exceeds the performance prerequisites of ASTM C 1059 Type I and II. QUIKRETE® concrete bonding adhesive is available in 1 qt. bottle and 1 gallon bottle. The product is used for bonding new concrete to old concrete, bonding applications on concrete overlays 1" or wider, and interior or exterior applications. Such innovative introductions are expected to aid the market growth of concrete bonding agents over the forecast period.
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Sika AG, BASF SE, Quikrete Holdings, Inc., The Euclid Chemical Company, Dow Chemical Company, and Fosroc, Inc., among others, are the key players in the global concrete bonding agents market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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